If you thought the property prices were high in Cape Town, wait until you see this place.
A Manhattan penthouse apartment has become the most expensive property ever sold in the United States, after hedge fund billionaire Ken Griffin dropped a cool $238 million (roughly R3,3 billion) on it.
Oh, and it isn’t even fully built yet.
The apartment is under construction at 220 Central Park South, it’s around 24 000 square feet, and has been purchased unfurnished, reports Forbes.
The artist’s renderings below provide some clues as to what the apartment will look like once it’s finished.
The 79-story tower at 220 Central Park South is being built by Vornado Realty Trust. It was designed by architect Robert A.M. Stern to mimic classic prewar designs. Building began amid a condo construction boom in 2014 but is opening into a much softer luxury real estate environment.
The record “doesn’t make a statement on the state of the current super luxury market,” says appraiser Jonathan Miller, who points out Griffin would have signed a contract 2015. “It’s a statement about the market we just came out of, which was a super charged, super luxury market.”
The sale destroys the previous New York City record of $100,47 million set in 2014 by computer billionaire Michael Dell, who purchased a penthouse in the nearby One57.
Griffin, with a net worth of $9.9 billion, is no stranger to massive real estate purchases. Just this week it came out that he spent $122 million on a London home close to Buckingham palace. That was the highest price paid in the British capital since 2011.
The apartment building is in a prime location, and will feature certain luxuries like a valet service and private swimming pool.
Must be nice.
You can see more of the artist’s renderings here.
[source:forbes]
